InvestorQ : How were the quarterly results of ICICI Bank declared on Saturday?
Dia Deshpande made post

How were the quarterly results of ICICI Bank declared on Saturday?

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swati Bakhda answered.
3 weeks ago
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Let us look at the ICICI Bank top line first. Revenues for the quarter fell -1.46% yoy at Rs.42,834 crore for the Mar-22 quarter. There was positive growth across retail banking, treasury and wholesale banking revenues, while the fall in revenues was due to insurance premium income faltering. Net interest income (NII) grew 21% yoy in Q4 at Rs.12,605 crore. For Q4, the overall deposits grew 14%, loans 17% while share of CASA deposits was 45%.

ICICI Bank Ltd

Rs in Crore

Mar-22

Mar-21

YOY

Dec-21

QOQ

Total Income

₹ 42,834

₹ 43,568

-1.68%

₹ 39,866

7.45%

Operating Profit

₹ 11,528

₹ 9,879

16.69%

₹ 11,152

3.38%

Net Profit

₹ 7,719

₹ 4,886

57.98%

₹ 6,537

18.09%

Diluted EPS

₹ 10.88

₹ 6.93

₹ 9.21

Operating Margins

26.91%

22.68%

27.97%

Net Margins

18.02%

11.22%

16.40%

Gross NPA Ratio

3.60%

4.96%

4.13%

Net NPA Ratio

0.76%

1.14%

0.86%

ROA (Not Annualized)

2.11%

1.51%

1.90%

Capital Adequacy

19.16%

19.12%

17.91%

In terms of operating performance, ICICI Bank reported 19% growth in core operating profits at Rs.8,565 crore for Mar-22 quarter. Net interest margins (NIM) crossed the 4% threshold after lingering around 3.90% for last 3 quarters. The Operating margin or OPM of the bank improved from a level of 22.68% in Mar-21 quarter to 26.91% in the Mar-22 quarter. However, the OPMs were lower by 106 bps on a sequential basis.

Net profits were up 57.98% for the Mar-22 quarter at Rs.7,719 crore through a combination of stable NIMs and lower provisions. For the Mar-22 quarter, provisions and contingencies fell by 63% yoy from Rs.2,883 crore in the Mar-21 quarter to Rs.1,069 crore in the Mar-22 quarter. Credit costs also eased in the quarter. PAT margins jumped from 11.22% to 18.02% in Mar-22 quarter compared to year ago quarter. Sequential margins were 162 bps better.

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